You have earned income within Georgia and will be responsible for paying state taxes on the income earned within the state.It may also be possible that when you sell the property, that the title company will require withholding done at the time of closing and remit it to the state which you can claim as withholding / tax payment when you file you Georgia non-resident state tax return.Best of luck.

This helps catch any discrepancies early and keeps you informed about your properties' performance.Budgeting and Forecasting: Create a budget for each property, including expected income, expenses, and reserves for maintenance or vacancies.

For the guy who quit his job to help his mom....does his partner have the income required to meet your criteria to rent? 

I also put in exclusions for the water heater and furnace so that they are responsible for those.What type of language will make the AS-IS language stick and make it very clear that they are required to maintain the heating and water systems?

Hello, Lee Israelsen, when you build a house and include a basement apartment that you plan to rent out, you may be able to write off a portion of the expenses associated with the construction and ongoing maintenance of the rental unit.

Once you take over operation of the system, you will be required to keep it running (by the County Govt)You're losing money already and you don't even have all of the true numbers.

We pay $110 per month for routine maintenance. 

Might require prospective tenant to carry renters insurance.

I have reached out to the city to see what would be the requirements.

I understand that we all would like to be able to buy cash flowing rental properties at a low interest rate with zero deferred maintenance and sit back and collect checks.